Canada Electric Capacitor Market - Forecasts from 2022 to 2027

Canada electric capacitor market is estimated to be valued at US$275.418 million in 2020.

Electric capacitors are electronic components that store and release electricity. A capacitor is almost usually included in an electrical circuit because it is a necessary component of electronic equipment. Due to its simple charging and discharging characteristics and lightweight, it has effectively supplanted traditional batteries. With the growth of technology, capacitors have become a crucial component in the construction of all most every electronic gadget. In this region, the capacitor market has developed in response to increased demand for consumer and wearable electronics, as well as increased use of polymer-based capacitors in industrial applications and electronic equipment. Further, the demand for electric capacitors will rise with the increased use of automation in different industries.

The growth of the electric capacitor market in Canada is expected to grow over the forecasted period.  With zero-emission vehicles adopted in Canada, though sales dropped in 2020, it is estimated to rise in the forecasted period. In recent years, electric vehicles and plug-in hybrids (EVs) have made considerable gains in the retail sector. Over the anticipated period, they are expected to earn a much greater market share. According to automotive statistics, in the third quarter of 2020, 54,353 new zero-emission vehicles were registered in Canada & 71.8% of ZEV vehicles are battery electric vehicles. In addition to the automotive industry, other industries like energy & power. The demand for capacitors in the energy and power business will grow as the world's demand for efficient power generation, storage, and distribution grows. Furthermore, as the demand for alternative energy sources grows, so will the demand for electric capacitors.

Key Developments

Kemet corporation, based in the US, manufactures capacitor technologies such as aluminum, tantalum, paper, etc., and releases new tantalum capacitors that require high capacitance & high voltage. To combat the issue, new technologies with advanced features are released. They also announced the release of 3 new series of film capacitors to expand the green energy and automotive applications. Also, Canada announced new targets to be achieved for light-duty vehicles and trucks to be zero emissions by 2035 and a new target of 100% sales by 2040.

By Type, Canadian electric capacitor market is segmented into aluminium, ceramic, tantalum, paper & film, and super-capacitors. Cars, buses, trains, cranes, and elevators, among other things, employ super-capacitors for regenerative braking, short-term energy storage, and burst mode power delivery. The growing use of freshly enhanced capacitors in the industrial and electronic sectors has been a primary driver of the electrical capacitor market's growth.

By Polarization, Canada electric capacitor market is segmented into polarized & non-polarized. The polarized capacitor is a type of capacitor that can be connected one way in a circuit, whereas non-polarized capacitors can be connected either way.

By Voltage, Canada electric capacitor market is segmented into high voltage & low voltage. Low voltage electric capacitors will see significant growth due to rising demand for consumer electronic items, which will be fuelled by short replacement cycles and steadily falling prices.

By Industry vertical, Canada electric capacitor market is segmented into consumer electronics, automotive, communication & technology, energy & power, industrial electronics, and others. Automotive & energy & power are expected to rise in the future as EVs, and plug-in hybrids are in demand and in sales.

COVID-19 Insights

The COVID-19 pandemic impacted the electric capacitor market by putting a hold on imports and export. Plus, manufacturing units were shut down, and sales declined during the period. However, gradually, with the world back to normal and sales & demand picking up, a new world post-COVID is what is aspired by the businesses & leaders as some industries have shown immense growth potential and will be growing in the forecasted period.

Market Segmentation:

By Type

• Aluminum
• Ceramic
• Tantalum
• Paper & Film
• Supercapacitor

By Polarization

• Polarized
• Non-Polarized

By Voltage

• High Voltage
• Low Voltage

By Industrial Vertical

• Consumer Electronics
• Automotive
• Communication & Technology
• Energy & Power
• Industrial Electronics
• Others